Common use of Standing of Purchaser Clause in Contracts

Standing of Purchaser. If such Purchaser is an entity, such Purchaser is duly formed or incorporated, validly existing and in good standing under the laws of its jurisdiction of formation or incorporation, and all other jurisdictions in which it is required to so qualify.

Standing of Purchaser. If such Purchaser is an entity, such Purchaser is duly formed or incorporated, validly existing and in good standing under the laws of its jurisdiction of formation or incorporation, and duly qualified and in good standing in all other jurisdictions in which it is required to so qualify.